what is the importance of trade in India ?
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Trade enriches countries because it extends the scope for efficient division of labour. It thus raises productivity. And trade barriers are an invitation to poverty. So the new evidence that India actually has a robust trading culture should be welcomed.
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Answer:
Trade enriches countries because it extends the scope for efficient division of labour. It thus raises productivity. And trade barriers are an invitation to poverty. So the new evidence that India actually has a robust trading culture should be welcomed.
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